The global smart bed market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. Smart beds are innovative technologically advanced bed that allows users to expand the capabilities of their beds beyond their basic functionalities by automatically adjusting the settings of the beds. The facilities users get from the smart bed, drive the growth of the smart bed market across the globe. For instance, in January 2022, Sleep Company Elev8 Smart Bed for sound, restful sleep has been launched. The special thing about this bed is that it has zero gravity mode, automatic massage, and anti-snoring mode. However, the lack of expert manufacturers in the smart bed market is restraining the growth of the global smart bed market during the forecast period. Due to a lack of expertise manufacturers, the availability of smart beds is also low which also restrains the global smart bed market. 

Impact of COVID-19 Pandemic on Global Smart bed Market

During COVID-19 there was a complete shutdown due to government strict rules and regulations to stop the spread of the virus due to which the global smart beds market witnessed declined growth. The production of non-essential products was closed for some time which impacted the lack of availability of smart beds worldwide due to which the growth of the global smart beds market decreased during COVID-19.

Segmental Outlook 

The global smart bed market is segmented based on product, end-user, and distribution channel. Based on the product, the market is segmented into manual, semi-automatic, and fully automatic. Based on the application segment, the market is sub-segmented into the residential, hospital, and other end users. Based on the distribution channel, the market is sub-segmented into online and offline. Among the application segment, the hospital sub-segment is expected to hold a prominent share in the growth of the global smart beds market during the forecast period. Furthermore, Europe is expected to be the fastest-growing region in the global smart beds market during the forecast period. 

Global Smart bed Market Share by Hair Type, 2021 (%)

The Hospital Sub-Segment is Expected to Hold a Prominent Share in the Global Smart bed Market

The hospital sub-segment is expected to hold a prominent share in the global smart bed market during the forecast period. The increasing technological advancement in the healthcare sector is driving the growth of the global smart bed market. Hospitals are adopting technological advancements in smart beds to provide good facilities to their patients which led to the growth of the market during the forecast period. The rising demand for smart beds in hospitals is driving the global smart beds market. For instance, in October 2022, Stryker launched the ProCuity wireless smart hospital bed to improve efficiency and safety while lowering costs. The intelligent bed was designed to help reduce in-hospital patient falls at all acuity levels while also improving nurse workflow efficiencies and safety at a lesser cost to the hospital.

Regional Outlooks

The global smart bed market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).  The market can be analyzed for a particular region or country level as per the requirement. Among these, the North American region is expected to hold a prominent share in the global smart bed market during the forecast period. Furthermore, the Europe region is expected to be the fastest-growing region in the global smart bed market. 

Global Smart bed Market Growth, by Region 2022-2028

The North American Region is Expected to Hold a Prominent Share in the Global Smart bed Market

The North American region is expected to hold a prominent share in the growth of the global smart bed market during the forecast period due to the high-income population. People of this region are more attracted to using smart technologies in homes which led to the growth of the global smart bed market in this region. The lifestyle choices and adoption of innovative advanced products in their day-to-day life are growing the smart bed market in this region. For instance, Responsive Surface Technology, LLC (“ReST”) announced its collaboration with Purple Innovation, LLC. Combining both smart and comfort technologies, ReST pioneered a new era in sleep coupling an artificial intelligence-powered smart bed with a science-based material that eliminates pressure by being both soft and supportive as well as comfortably cool.

Market Players Outlook

The major companies serving the global smart bed market include Johnson & Johnson Services, Inc., Paramount Bed Co., Ltd., GhostBed, Hill-Rom Holdings, Inc., Tempur Sealy International, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, Xiaomi launched the 8H Feel Leather Smart Electric Bed X Pro. The 8H Feel Leather Smart Electric Bed X Pro is equipped with dual motors each on the back and legs. The motors are capable of lifting weights of up to 600kg and smooth lifting. The motors offer silent operations with a maximum operating sound of less than 45dB silent operation.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global smart bed market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.